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Cleveron among TOP 3 most successful companies in Estonia

03.12.2019 | Cleveron

In 2018, Cleveron focused on entering new market and expanding market penetration. The reason lies in the fast growth rate of e-commerce, which affects retailers greatly. Cleveron’s solutions help manage growing parcel volumes, enabling to save expensive retail space and parcel handout time. Cleveron’s revenue increased 4 times, to €48 million, which is greater than the revenue for the past 10 years combined.

Cleveron’s CEO Arno Kütt stated that the current year has gone as expected. „There’s still time until the end of the year but we are reaching our goals. We have gained a number of new clients from all over the world. In 2019, Cleveron has put its main focus on development – that’s what we’ve focused our time and resources on. We have to constantly update our products and come out with new solutions to stay one step ahead of our competitors. Just recently we launched our grocery robot Cleveron 501 and there are more news to come,“ promised Kütt.

Äripäev (Estonia’s leading business newspaper and website) has compiled the TOP 100 list for 26 years. The list includes 500 largest Estonian companies, based on revenue. The list was drawn up based on six economic indicators – revenue in 2018, profit in 2018, revenue growth in 2018 (as compared to 2017), profit growth in 2018 (as compared to 2017), profitability and return on assets.

Source: Äripäev

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